Financial Performance

Capital

By Michelle Parker | Dec. 1, 2016

Besting national averages across various penetration and efficiency rates, financial cooperatives in the Keystone State are efficiently serving members and expanding books of business with their current staffing models.

By Liz Furman | Oct. 18, 2016

The Loan Star State has the highest number of credit unions at 475, and its stellar growth and member metrics evokes the saying “Don’t mess with Texas.”

By Michelle Parker | Oct. 10, 2016

How do credit unions in the Buckeye State stack up against regional peers?

By Chip Filson | April 26, 2016

A review of NCUSIF audits show a rebuff of reality that marks seven years of building budgets while thwarting the fund’s intent to sustain and nurture.

By Erik Payne | July 27, 2015

In 2010, Fairfax County Credit Union received supplemental capital from the U.S. Treasury. Here’s how it used those funds to improve the long-term health of the credit union and its membership.

By Janet Lee | July 27, 2015

As of March 31, 2015, natural person credit unions reported a total of $217.4 million in supplemental capital. What is this capital and where does it come from?

By Rebecca Wessler | July 27, 2015

What sources of supplemental capital can credit unions access and how are they using those funds to improve the long-term health of their organizations and membership? Learn this and more on CreditUnions.com.

By Michael Wettrich | July 27, 2015

Michael Wettrich, president and chief executive of the $90 million Education First Credit Union in Ohio, makes the case for supplemental capital at credit unions.

By Chris Howard | July 27, 2015

Supplemental capital is a useful tool that is long overdue; however, it is not without risk and potential complications.

By Callahan & Associates, Inc. | May 15, 2015

Learn how credit unions performed in first quarter 2015 and find new opportunities in today's encouraging economic environment.

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By Dwight Johnston | May 12, 2015

Bond traders are on their tiptoes in an effort to not disturb the German beast.

By Sam Taft | April 27, 2015

Lending officers are under constant pressure to produce loans. These five benchmarks give CLOs a place to start when managing lending activities and communicating about the health and growth of the credit union.

By Chris Howard | April 23, 2015

Legal battle and years of uncertainty could follow a final rule like this.

By Chris Howard | April 20, 2015

This "fundamentally flawed" policy actually creates a capital problem.

By Chris Howard | April 19, 2015

Rick Metsger says the NCUA has a duty to protect the insurance fund against "material risks."

By Chris Howard | April 17, 2015

Like generals, regulators are always fighting the last war.

By Chris Howard | April 16, 2015

Much of the logic surrounding RBC2 is absurd, especially the idea that it offers any more protection than effective examination.

By Chris Howard | April 13, 2015

Reserves are different from capital, and with RBC2, credit union members pay the price.

By Chris Howard | April 2, 2015

Callahan's research chief goes on the air with CUbroadcast to discuss why the NCUA board should vote against the agency's proposed risk-based capital rule and why credit unions need to lodge their comments now.

Partner Perspective
The Price Is Right

Properly pricing and managing the loan portfolio is a major driver of success for a credit union.

By Chip Filson | March 12, 2015

Year-end data clearly proves there is no capital problem or shortfall in the credit union system.

By Sharon Simpson | Feb. 24, 2015

Patelco Credit Union takes a holistic view when it comes to evaluating investment decisions.

By Callahan & Associates, Inc. | Feb. 23, 2015

Learn how credit unions performed in fourth quarter 2014 and find new opportunities in today's encouraging economic environment.

By Aaron Pugh | Feb. 23, 2015

Tips from BECU on how to manage growth and risk under increased regulator scrutiny.

By Sam Taft | Feb. 23, 2015

These four performance metrics will help CFOs explain the business of credit unions and show how every employee helps the credit union achieve its goals.

By Callahan & Associates, Inc. | Jan. 27, 2015

Callahan chairman Chip Filson argues against the revised risk-based capital proposal.

By Callahan & Associates, Inc. | Jan. 27, 2015

Callahan chairman Chip Filson and senior analyst Andrew Bolton explore the changes to NCUA's proposed risk-based capital rule.

By Jennifer Davis | May 5, 2014

The comment period on NCUA’s proposed risk-based capital requirement runs through May 28. Take inspiration from these credit union leaders when crafting a response.

By Chip Filson | April 3, 2014

NCUA’s proposed RBC rule would double credit union capital requirements versus banks for common asset classes where risk weights are different.

By Chip Filson | April 3, 2014

An analysis of capital requirements for a bank and a credit union with the same asset size and composition.

By Andrew Bolton | April 3, 2014

Growth in capital, assets, and deposits helped credit unions in the Pine Tree State best industry averages in 2013.

By Drew Grossman | Jan. 28, 2014

Dion Koop talks about Heritage Federal's investment strategy and the credit union's goals in 2014 and going forward.

By Mark Reed | July 22, 2013

An examination of the planned merger of Pioneer and Capital credit unions in Wisconsin.

By Chip Filson | July 17, 2013

The June 30, 2013, update of the U.S. Central Federal Credit Union securities shows that of the total $3.5 billion other-than-temporary-impairment (OTTI) future loss estimates, more than $2.3 billion is still unused.

By Sharon Simpson | May 22, 2013

How Space Coast Credit Union re-established its net worth after merging with a troubled credit union.

By Callahan & Associates | Oct. 22, 2012

Credit unions have turned out solid core business results in 2012.

By Chip Filson | April 9, 2012

The CLF contains $2 billion of credit union capital. What kind of governance model for the CLF would allow credit unions to never depend on the kindness of strangers?

By Rebecca Wessler | Jan. 19, 2012

For North Island Credit Union, 2011 was a year of significant milestone achievements in its quest toward a financial turnaround.

By Callahan & Associates | Jan. 1, 2012

3Q 2011 Peer Group Performance Comparison: Distribution of Assets & Institutions Across All Peer Groups, Asset Quality by Peer Group, Distribution of State Performance: YTD Auto Loan Market Share

By Callahan & Associates | Jan. 1, 2012

As credit unions set the course for the new year, they must decide whether to evolve the cooperative model or borrow strategic principles from their for-profit competitors.

By Lydia Cole | Dec. 12, 2011

A peer group comparison evaluating whether credit unions that grant first mortgages perform differently than other credit unions.

By Andrew Bolton | Nov. 7, 2011

Continuing corporate credit unions are posting healthy financials amid a changing landscape.

By Callahan & Associates | Oct. 1, 2011

Credit unions posted strong financial performance in a volatile marketplace.

By Callahan & Associates | Oct. 1, 2011

2Q 2011 Peer Group Performance Comparison: Distribution of all Assets & Institutions Across All Peer Groups, Asset Quality by Peer Group, Distribution of State Performance: YTD Auto Loan Market Share

By Aaron Pugh | Sept. 28, 2011

When opportunity for rapid change arises, credit unions should first ask whether the change is needed, manageable and sustainable.

By Callahan & Associates | July 1, 2011

1Q 2011 Peer Group Performance Comparison: The Consolidated Credit Union Financial Statement, Peer Group Performance Comparison, Distribution of Assets and Institutions Across All Peer Groups, Asset Quality by Peer Group, Distribution of State Performance: YTD Auto Loan Market Share

By Brooke C. Stoddard | July 1, 2011

Green Bay's PCMCU uses generous member rebates to turn its hefty capital ratiointo a member benefit.

By Lydia Cole | April 29, 2011

Key metrics to evaluate your credit union and bridge the gap between macro trends and micro performance.

By Rebecca Wessler | Jan. 24, 2011

Despite area challenges in unemployment and housing prices, the credit union has improved its net income, operating costs, and loan losses.

By Callahan & Associates | Oct. 1, 2010

Credit unions are facing an incredible opporunity to be an engine for economic growth in their communities by using record liquidity to refinance member loans.

By Lydia Cole | Aug. 30, 2010

Nine graphs illustrate the industry’s resilient performance as of June 30, 2010.

By Chip Filson | Aug. 23, 2010

A Senior Examiner presented the Agency’s latest slide deck on the state of the credit union system and the focus of upcoming exams. One CEO, due for an exam, wrote me in reaction to the slides.

By Richard Pearson | Aug. 9, 2010

How two credit unions accommodated increased shares and decreased loan demand.

By Callahan & Associates | July 1, 2010

1Q 2010: YTD Credit Union Auto Loan Origination Market Share by State, The Consolidated Credit Union Financial Statement, Peer Group Performance Comparison, Distribution of Assets and Institutions Across all Peer Groups, Asset Quality by Peer Group

By Chip Filson | June 14, 2010

Credit unions are turning out a collective performance that shows industry success is not skewed by high-achieving outliers.

By Aaron Pugh | April 26, 2010

Patelco and GTE manage expenses and asset quality to earn their way back.

By Brooke C. Stoddard | April 1, 2010

Arizona State Credit Union CEO, Dave Doss talks about how the credit union saw trouble in 2008 and in turn began to tighten its belt early.

By Nick Connors | March 8, 2010

Credit unions ended 2009 with record share growth and loan originations, positioning the industry for success heading into 2010, even as other lenders return to the market.

By Callahan & Associates | Jan. 1, 2010

3Q 2009: Peer Group Performance Comparison, Distribution of Assets and Institutions Across All Peer Groups, Asset Quality by Peer Group, ROM Scores by Peer Group

By Elliott Kashner | Dec. 14, 2009

Insurance funds like the FDIC were set up to pay off relatively small claims, not solve problems during systemic failure. NCUSIF in 1984 and the CLF were set up differently, with capital. The financing now facing credit unions is best solved not with an “insurance” mindset but a capital one.

By Callahan & Associates | Dec. 9, 2009

During the financial crisis, credit unions have risen to the top as the industry’s most resilient sector. Their robust loan programs have contributed mightily to the nation’s nascent recovery. But at a time when the Obama administration’s economic priority is making more credit available, credit unions could do more … if policymakers were to provide access to the resources that would allow them to grow, not shrink.

By Nick Connors | Dec. 7, 2009

Credit unions ended the third quarter with record share growth and loan originations, finding success even as other financial institutions return to the market.

By Elliott Kashner | Nov. 23, 2009

Deborah Matz had called the monthly meeting of the NCUA board to consider several proposals including the highly anticipated release of the detailed corporate regulatory proposal. However, the full proposal is currently available on CreditUnionsRising.com.

By Nick Connors | Nov. 9, 2009

While one-time expenses and a struggling external market put additional pressure on credit union bottom lines, it may be that time is one of the most important sources of credit union capital.

By Chip Filson | Oct. 12, 2009

On Friday, October 9, CUNA and NAFCU announced they were in agreement on a proposal to send to NCUA. However important this option will be in the evolution of the credit union system, it is not the most important capital priority for NCUA or the credit union system.

By Jay Johnson | Oct. 5, 2009

While participants spoke on a variety issues, four key issues seemed to resonate most often in their comments and questions. Here is a summary of these issues and selected comments from attendees.

By Callahan & Associates | Oct. 1, 2009

When the economy turns around, will you be in a position to take swift action and gain an advantage over your comptittors?

By Chip Filson | Sept. 28, 2009

Last Thursday's, September 24th, NCUA Board meeting demonstrated the need for the Board to start asking some tough questions about numbers being presented to justify Board actions.

By Nick Connors | Aug. 31, 2009

Credit unions set new records for loan volume and share growth for the first six months. Even ROA before NCUSIF expenses exceeds 2008 results. Investments total of $268 billion shows there is more capacity for loan growth. All the data is here now!

By Chip Filson | Aug. 17, 2009

In reading the NCUA's July 31 press release, listening to their August 11th webinar, and talking with Corporates about NCUA's unilateral change to the CLF's twenty-five year funding structure, an age old nursery rhyme came to mind.

By ALM First Financial Advisors | Aug. 3, 2009

When it comes to surplus liquidity, these are unprecedented times for credit unions.

Feature
Amend H.R. 1151

By Bucky Sebastian | July 20, 2009

Language on reserving in H.R. 1151 could strangle credit unions in this economy; it needs to be changed.

By Brooke C. Stoddard | July 1, 2009

Financial Partners is making sacrifices, lowering rates, and raising some fees, but its service holds onto members.

By | June 22, 2009

The following quotes show NCUA’s changing assessments of the collective obligation of credit unions (via NCUSIF) to U.S. Central Corporate Federal Credit Union. These statements lead to a critical question: when will credit unions get their money back?

By | June 8, 2009

In converting the unneeded capital note at US Central, for which the entire system has already paid, into a revolving capital fund, the entire movement has access to positive options for correcting problems.

By Chip Filson | April 27, 2009

Rather than matching investment losses as incurred, either from payment defaults or bond sales, NCUA has required all credit unions to expense today these loss estimates which go out years into the future. Chip Filson proposes a better solution, one that is consistent with how cooperatives generate capital, that is from future earnings.

By Alix Patterson | April 24, 2009

At year-end 7,728 or 97% of all credit unions have an investment in one or more Corporates. These credit unions represent 99.5% of all CU assets. These numbers demonstrate that the future architecture of the Corporate Network is about more than investments and settlement. The decisions made will affect every credit union's operations.

By Callahan & Associates | April 1, 2009

With a design that withstands serious economic stress, credit unions saw posted near-record loan growth while other institutions are scaling back.

By Elliott Kashner | March 16, 2009

It is a common belief that the credit union model is superior to the bank model when it comes to proving value to consumers. But what do the numbers say?

By Jay Johnson | March 2, 2009

With the credit crisis dominating headlines in 2008, credit unions continued to fill the most pressing needs of the members they serve.

By Callahan & Associates | Jan. 1, 2009

3Q 2008: The Consolidated Credit Union Financial Statement, Peer Group Performance Comparison, Distribution of Assets and Institutions Across All Peer Groups, Asset Quality by Peer Group, The Average Credit Union $1B+ in Assets, The CUSP Financial Profile, Callahan's Credit Union Scorecard, 2008 Percentile Rankings for Peer Group and CUs between $250M-$500M in Assets, Credit Unions $1B Or More in Assets, Credit Unions $500M-$1B in Assets, Credit Unions $250M-$500M in Assets, Credit Unions $100M-$250M in Assets, Credit Unions $50M-$100M in Assets, Credit Unions $20M-$50M in Assets, Credit Unions $10M-$20M in Assets

By Brooke C. Stoddard | Dec. 1, 2008

In the short-term, Mountain America's ROA plunges but the merger that caused it looks like a long-term winner.

By Brooke C. Stoddard | Dec. 1, 2008

A credit union with experience in a troubled region knows how to manage difficulty and is taking advantage of opportunities.

By Chip Filson | Nov. 24, 2008

Of all financial service sectors, credit unions are performing normally, indeed repairing damage set loose by the credit crisis. Credit unions are showing how their model is a superior one for the nation and the world.

By Chip Filson | Nov. 3, 2008

NCUA’s proposed FY 2009 budget includes a $24.3 million increase, more than 110 new examiner hires, and an overall expenditure growth of 15.3%, requiring a double digit rise in the operating fee and a higher charge to the NCUSIF in the overhead transfer rate.

By Chip Filson | Oct. 27, 2008

This Golden Calf metaphor is a theme in literature and art. Consultants even use it to diagnose organizational performance. Is it possible in this time of economic stress, especially among troubled credit unions, that some are worshipping a false god, and that we have taken attention away from the true way out of our difficulties?

By Callahan & Associates | Oct. 1, 2008

2Q 2008: The Consolidated Credit Union Financial Statement, Peer Group Performance Comparison, Distribution of Assets and Institutions Across all Peer Groups, 2008 Percentile Rankings for Cus Between $100M-$250M in Assets, Asset Quality by Peer Group

By Jay Johnson | Aug. 25, 2008

The June data shows credit unions continue to seize momentum and are building member relationships with long-term opportunities.

By Nick Connors | Aug. 11, 2008

One of the most important issues facing credit unions today is capital options. San Francisco Fire CU has developed an innovative solution in the form of their Member Capital Account.

By Ray Springsteen | Aug. 4, 2008

Due to the high profile failures of financial institutions, members are asking a new question. The question: ‘Is my credit union safe?'. How can you help members understand that the credit union is a safe and sound financial institution?

By Chip Filson | July 28, 2008

As the housing and economic crisis continues, financial institutions are at the center of losses due to asset value declines. While both community banks and credit unions are experiencing some “spill over” losses on loans, each has different ways of responding to diminished capital levels.

By Callahan & Associates | July 1, 2008

1Q 2008: Consolidated Credit Union Financial Statement, Financial Summary, Key Ratios, Peer Group Performance Comparison, Distribution of Assets & Institutions Across All Peer Groups, Asset Quality by Peer Group, Peer Group Consolidated Statement ($1B+), Peer Group Consolidated Statement ($50M-$1B)

By Tom Geggel | Sept. 26, 2005

Debate rages within the industry as to how much net worth credit unions should keep on their books.